v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net income $ 1,776,258 $ 2,811,282
Adjustments to reconcile net income to net cash used in operating activities:    
Payment of formation and operating costs through promissory note – related party 8,550
Interest earned on investments held in Trust Account (3,130,806) (3,355,409)
Compensation expense 36,750
Changes in operating assets and liabilities:    
Prepaid expenses 1,646 (33,813)
Due from Sponsor 1,295
Long-term prepaid expenses 3,542 (46,042)
Due to officer (12,374)
Accrued expenses 866,629 49,829
Net cash used in operating activities (482,731) (539,932)
Cash Flows from Investing Activities:    
Investment of cash into Trust Account (174,225,000)
Net cash used in investing activities (174,225,000)
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 169,050,000
Proceeds from sale of Private Placements Units 6,728,750
Proceeds from promissory note - related party 550,000
Repayment of promissory note – related party (285,318)
Payment of offering costs (75,000) (356,541)
Net cash provided by financing activities 475,000 175,136,891
Net Change in Cash (7,731) 371,959
Cash – Beginning of period 296,249 3,864
Cash – End of period 288,518 375,823
Non-cash investing and financing activities:    
Deferred offering costs paid through promissory note – related party 17,300
Deferred underwriting fee payable $ 6,900,000